INPUT CREDIT ON DIESEL BILL ( TRANSPORTER)

[Asked by Guest]

Dear Sir/Madam

I am the transporter we fill the diesel regularly can i claim input credit on Diesel Amount.

[Ganeshan Kalyani]

Diesel being petroleum product has not been subsumed into GST. Thus in my view, input tax credit on diesel is not eligible to be set off against GST payable.

[Raghunath Gadre]

Dear Sir,

You can claim the credit on LDO provided you have an invoice for the same clearing showing the GST charged on the same. moreover since its your basic input used in your business of transportation, U can claim the GST credit on the same

AI Summary

Input tax credit on diesel: eligibility contested; claim allowed only when supplier invoice expressly shows GST charged.
One view treats diesel as a petroleum product not subsumed under GST and disallows input tax credit; a contrasting view permits credit for LDO or diesel where the supplier issues a compliant invoice showing GST charged, since it is a basic input for the transport business.